THE EFFECTS OF INFORMATION ASYMMETRY ON BUSINESS GROWTH IN CAMEROON
27th November, 2020
3pm to 4:00pm
Small businesses dominate most economies in the world, and in the Cameroon context account for 90 % of all firms, drive employment above 60% and equally serve as machinery for generating both local and foreign revenue. SMEs form the basis for national development and economic growth. Despite the role played by SME’s, they still face enormous challenges in the areas of access to finance and management but inadequate information asymmetry is one of the most crucial problem faced by SME’Ss and is considered by economists as a major source of market failures., Based on the report published by the Nkafu Policy Institute on “Developing a Conducive Environment for Small and Medium sized Enterprises Growth in Cameroon” (February 25, 2019), SMEs have a poor relationship with the agencies and institutions established by Government to support and promote their growth. Most SMEs are not even aware that such institutions exist to encourage them.
It is against this backdrop that the Small Business and Entrepreneurship Center (SBEC) of the Denis & Lenora Foretia Foundation is organizing a webinar on the theme “The Effects of Information Asymmetry on Business Growth in Cameroon” so as to accompany entrepreneurs in accessing adequate and vital information necessary for the growth and development of their businesses.
The main objective of this webinar is to enlighten entrepreneurs on how to access accurate information on Business registration modalities, Tax regulations, Governmental Support, and other pertinent information necessary for business growth and sustainability.
The specific objective is to:
- Solve the problem of information asymmetry by bringing officials from the government and private sectors to share current information and opportunities available for the growth of SME’s in Cameroon.
- SBEC network members
- General public